Indian stock markets closed sharply higher on Tuesday, extending gains for a third straight session, as improving global sentiment and lower crude oil prices boosted investor confidence.
The BSE Sensex jumped 753 points, or 0.96%, to close at 79,273.33, while the Nifty 50 rose 211 points, or 0.87%, to settle at 24,576.60. Both benchmark indices ended at their highest levels in several weeks.
The rally was mainly driven by optimism around possible peace talks between the United States and Iran, which helped ease concerns over geopolitical tensions in the Middle East. Falling crude oil prices also supported sentiment, especially for India, which depends heavily on oil imports.
Among the top gainers on the Sensex were ICICI Bank, Bajaj Finance, Nestle India, HUL and Axis Bank, which saw strong buying interest through the session. Nestle India gained after reporting better-than-expected quarterly earnings, while financial stocks benefited from renewed investor confidence.
On the losing side, HCL Tech, Infosys, TCS, Tech Mahindra and Wipro ended lower, as IT stocks remained under pressure due to concerns over global demand and cautious outlooks from the technology sector.
Broader markets also ended in positive territory. Midcap and smallcap indices advanced, indicating buying support across sectors beyond heavyweight stocks. More shares rose than fell on the BSE, reflecting healthy market breadth.
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